🇩🇪 Europe & China are catching up

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Top picks

A quick highlight

Aleph Alpha

Amount: $500M 🎉

Round: Series B

Lead Investors: Bosch Ventures, Innovation Park Artificial Intelligence, Schwarz Group

Aleph Alpha aims to empower customers by expanding its offerings while maintaining independence and flexibility for customers in infrastructure, cloud compatibility, on-premise support, and hybrid setups.

Aleph Alpha has built its own large language models. It works on areas such as EU-regulated data protection, security, and often works with governmental bodies, law enforcement, and healthcare.

Replit

Amount: $20M 🎉

Round: Liquidity Round (for the employees!)

Lead Investor: Craft Ventures

Replit offers an online, collaborative IDE that supports a range of programming languages.

Users can share a workspace with one or many users and see real-time edits across files, message each other, and debug code together. They also offer Ghostwriter, a suite of features powered by an AI model trained on publicly available code.

01.AI

Amount: N/a 🎉

Valuation: $1B

Round: Series A

Lead Investors: Alibaba Cloud, Sinovation Ventures

The company’s vision is to develop a homegrown large language model for the Chinese market. This is due to the fact that China doesn’t have access to OpenAI and Google because those two companies did not make their products available in China.

Seven months after its founding, the startup has released its first model, the open-source Yi-34B1. This model is a bilingual (English and Chinese) base model trained with 34 billion parameters and is significantly smaller than other open models like Falcon-180B and Meta LlaMa2-70B1.

Together with Tome

Chief AI Tool of the Day 📢

Tome helps you express ideas quickly without cutting corners or sacrificing subtlety. It’s more engaging than a deck, and easier to build than a webpage.

Enter any prompt and create a compelling starting point for your presentation in minutes. It feels good to get work out of your head and into the world.

Bonus 🔥

For the most curious minds!